Florida billionaire Austin Russell rescues Forbes from communist Chinese ownership

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Florida billionaire Austin Russell rescues Forbes from communist Chinese ownership

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Austin Russell, a 28-year-old self-made billionaire and the founder of Luminar Technologies, has agreed to buy Forbes Media from its Chinese owner, Integrated Whale, for $800 million. The deal would put the iconic American media company back in U.S. hands after almost a decade of Chinese ownership.

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05

Month
/

19

Day
/

2023

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12

:

00

am